Secretprofittools
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Secretprofittools
No Result
View All Result
Home Latest News

Energy groups celebrate Trump’s latest move to unleash Alaska drilling

by
June 4, 2025
in Latest News
0
Energy groups celebrate Trump’s latest move to unleash Alaska drilling
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
NEWYou can now listen to Fox News articles!

Conservative energy leaders are celebrating President Donald Trump’s latest effort to unleash American drilling. 

The Department of the Interior announced a proposal Monday to rescind President Joe Biden’s restrictions on oil and gas development in the National Petroleum Reserve in Alaska. 

Interior Secretary Doug Burgum said a Biden-era 2024 Bureau of Land Management (BLM) rule that restricted energy development for more than half of the 23 million acres on Alaska’s North Slope ignored the Naval Petroleum Reserves Production Act of 1976. 

‘The National Petroleum Reserve (NPR), created by Congress over a century ago to secure America’s energy supply, supports responsible oil development on 13 million acres,’ Frank Lasee, president of Truth in Energy and Climate, said in a statement shared with Fox News Digital. 

‘President Biden’s drilling ban in Alaska undermined energy security, increasing reliance on foreign oil, raising gasoline prices and fueling inflation through higher transportation costs,’ Lasee added. ‘Resuming drilling puts economic growth and energy independence ahead of climate ideology in a place almost no regular American will ever visit.’

Consistent with Trump’s executive orders, the proposed revision reverts to regulations that were in place prior to May 7, 2024, which Lasee called a ‘commendable’ prioritization of ‘American energy needs and economic well-being while adhering to the law.’

‘President Biden never should have halted congressionally sanctioned oil drilling in Alaska,’ said Sterling Burnett, director of the Arthur B. Robinson Center on Climate and Environmental Policy at the Heartland Institute. ‘Trump is to be applauded, both for putting Americans’ energy needs and our economic well-being first and for following the law by opening these areas back up for production.’

According to the Department of Interior, the 2024 rule provisions lacked ‘a basis in the Naval Petroleum Reserves Production Act’ and undermined the BLM’s congressional obligation to oversee timely leasing in the region. 

‘President Trump’s move to restore drilling in Alaska’s Arctic region is a bold and necessary step toward reclaiming American energy independence,’ Jason Isaac, CEO of the American Energy Institute, said. 

Trump vowed to unleash American energy on the campaign trail in 2024 and signed executive orders on the first day of his second term to rescind Biden-era climate policies. 

‘By reversing Biden’s disastrous restrictions on 13 million acres, Trump is unleashing the abundant resources that power our economy, lower energy costs and strengthen national security. This is a victory for American workers, consumers and allies who rely on stable, affordable energy,’ Isaac added. 

Steve Milloy, senior policy fellow at the Energy & Environment Legal Institute, called the announcement ‘more good news from the Trump administration in rolling back more of Biden’s war on fossil fuels.’

‘Promises made. Promises kept. But the Trump administration will need to go further to give investors confidence that the Alaska leases will actually be viable. Radical climate activists will resort to the courts and scare off investors. There likely needs to be a legislative solution to that,’ Milloy added.

Trump and his Republican allies are seeking to roll back some of Biden’s green energy initiatives through budget reconciliation on Trump’s ‘big, beautiful bill.’

‘The National Petroleum Reserve (NPR) was created more than 100 years ago specifically to provide a supply of oil for America’s energy security. That energy security can be achieved by responsibly developing our oil reserves, including in the Gulf of America, our vast shale oil deposits in America’s heartland and, now, thankfully, the 13 million acres of the NPR that are going to be developed,’ said Gregory Whitestone, CO2 Coalition executive director.

‘Continuation of the Biden administration’s drilling ban would have resulted in a greater reliance on foreign supplies of oil (and) increases in gasoline prices and the inflationary spiral across all sectors of the American economy from increased transportation costs,’ Whitestone added. 

This post appeared first on FOX NEWS
Previous Post

McDonald’s Snack Wrap is officially returning. Here’s when.

Next Post

Expert speaks out on ‘perfect solution’ to federal hiring issues creating national security concerns

Next Post
Expert speaks out on ‘perfect solution’ to federal hiring issues creating national security concerns

Expert speaks out on ‘perfect solution’ to federal hiring issues creating national security concerns

  • Trending
  • Comments
  • Latest
Nationwide coordinated retail crime crackdown results in hundreds of arrests, authorities say

Nationwide coordinated retail crime crackdown results in hundreds of arrests, authorities say

June 4, 2025
McDonald’s Snack Wrap is officially returning. Here’s when.

McDonald’s Snack Wrap is officially returning. Here’s when.

June 3, 2025
Peloton launching resale market for used bikes, treadmills

Peloton launching resale market for used bikes, treadmills

June 4, 2025
Dollar General is shaking off tariff fears and winning over higher-income consumers

Dollar General is shaking off tariff fears and winning over higher-income consumers

June 4, 2025
Senate panel navigates delicate compromises on Medicaid, taxes in latest chunk of Trump’s megabill

Senate panel navigates delicate compromises on Medicaid, taxes in latest chunk of Trump’s megabill

0
Trump warns Rand Paul he’s playing into ‘hands of the Democrats’ with ‘Big, Beautiful Bill’ opposition

Trump warns Rand Paul he’s playing into ‘hands of the Democrats’ with ‘Big, Beautiful Bill’ opposition

0
House Dems’ campaign chair says her party’s ‘on offense’ in 2026 battle to win back majority from GOP

House Dems’ campaign chair says her party’s ‘on offense’ in 2026 battle to win back majority from GOP

0
Trump shares post saying Biden was executed, replaced with clones

Trump shares post saying Biden was executed, replaced with clones

0
Senate panel navigates delicate compromises on Medicaid, taxes in latest chunk of Trump’s megabill

Senate panel navigates delicate compromises on Medicaid, taxes in latest chunk of Trump’s megabill

June 16, 2025
FLASHBACK: Trump launched his first presidential campaign ten years ago

FLASHBACK: Trump launched his first presidential campaign ten years ago

June 16, 2025
Mike Johnson calls off Israel trip amid Iran conflict

Mike Johnson calls off Israel trip amid Iran conflict

June 16, 2025
Trump says Iran would ‘like to talk’ about dialing down Israel-Iran conflict

Trump says Iran would ‘like to talk’ about dialing down Israel-Iran conflict

June 16, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent News

    Senate panel navigates delicate compromises on Medicaid, taxes in latest chunk of Trump’s megabill

    Senate panel navigates delicate compromises on Medicaid, taxes in latest chunk of Trump’s megabill

    June 16, 2025
    FLASHBACK: Trump launched his first presidential campaign ten years ago

    FLASHBACK: Trump launched his first presidential campaign ten years ago

    June 16, 2025
    Mike Johnson calls off Israel trip amid Iran conflict

    Mike Johnson calls off Israel trip amid Iran conflict

    June 16, 2025
    Trump says Iran would ‘like to talk’ about dialing down Israel-Iran conflict

    Trump says Iran would ‘like to talk’ about dialing down Israel-Iran conflict

    June 16, 2025
    • About us
    • Contact us
    • Terms & Conditions
    • Privacy Policy
    • About us
    • Contact us
    • Terms & Conditions
    • Privacy Policy

    Copyright © 2024 Secretprofittools.com

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Secretprofittools.com